In this paper, we develop and test a theoretical framework that considers how established firms forming partnerships with startups may be subject to spatial and temporal myopia and how these tendencies are moderated by the established firms’ histories of experiencing essential failures and successes in solving R&D problems. …Read More
As startups are at the forefront of adopting AI tools, it is important to understand whether AI can amplify the effects of lean methods in helping startups to be even more responsive to market conditions that before. And if so, to what extent and under what conditions AI can complement lean method in developing products.…Read More
We establish the relevance of human capital to startup financing. Using administrative databases from the Central Bank of Brazil, we obtain information on private firms, their founders and their access to bank credit.…Read More
We construct a sample of approximately 20,000 “twin” scientific articles, which allows us to hold constant differences in the nature of the advance and more precisely examine characteristics that predict startup commercialization.…Read More
For our Innovation Pathways series, Jess Stokes WG’21 talks about pivots and trade-off decisions, design thinking, and commitment to social impact and sustainability.…Read More
Profit maximization is a central premise that guides much of our understanding of firm behavior. However, entrepreneurial companies do not appear to simply maximize profits. …Read More
How should firms organize their pool of inventive human capital for firm-level innovation? Although access to diverse knowledge may aid knowledge recombination, which can facilitate innovation, prior literature has focused primarily on one way of achieving that: diversity of inventor-held knowledge within a given knowledge production team. …Read More
We examine how wealth windfalls affect self-employment decisions using data on cash payments from claims on Texas shale drilling to people throughout the United States. Individuals who receive large wealth shocks (greater than $50,000) have 51% higher self-employment rates.…Read More
We study the association of spending per employee with startup firm survival. Our theory model posits that entrepreneur’s knowledge defines the complex decision process of combining human and non-human inputs to increase firm value. …Read More
Gaurav Dhillon, Chairman and CEO of SnapLogic, says that nailing product-market fit comes down to great listening skills and “a tolerance for pain.”…Read More
Johnson & Johnson’s Austin Deng identifies opportunities in connected healthcare, sensors/wearables, and digital health.…Read More
The Wharton grad and startup co-founder is thinking about how to attract and retain talent, meet customers’ needs, and continue to innovate.…Read More
This study explores acquisition strategy of the U.S. technology sector. I plan to build a comprehensive and detailed dataset of acquisitions of US and foreign startups by US technology companies.…Read More
Lean startup principles have fueled a revolution in business and entrepreneurship, but there is a downside to early market testing, according to new Wharton research.…Read More
Fundraising for early-stage startups has become increasingly easier with the rise of crowd-funding platforms. This project asks how an entrepreneur can set his or her targeted goal to attract more investor money. …Read More
Brian Fields (WG’03), VP and General Manager of Things to Do at Groupon, shared how his company has been able to maintain its agility as it’s grown.…Read More
Danielle Cohn and Maya Baratz of Comcast discuss how the company identifies founding teams that are a good fit for potential partnership or acquisition.…Read More
Do workers have different equality preferences depending on the type of payoff? In many firms, the distribution of equity compensation is more equal than the distribution of salary. We design an experimental group production game to examine how workers respond to combinations of different distributions of equity and salary.…Read More
In this project, we explore the impact of startup firms’ social media activities on their entrepreneurial financing performance. Social media can mitigate information problems in entrepreneurial financing in two ways.…Read More
A critical factor that determines whether a startup succeeds or fails is its level of spending, or burn rate. Research from professors Ron Berman and Pablo Hernandez-Lagos examines how an entrepreneur’s education and experience levels can predict a startup’s burn rate, and thus its odds of success.…Read More
